Adecco (OTCMKTS:AHEXY) Announces Earnings Results

Adecco (OTCMKTS:AHEXY) posted its quarterly earnings results on Thursday. The business services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.07, Zacks reports. Adecco had a return on equity of 12.67% and a net margin of 1.25%.

Adecco Price Performance

Adecco stock traded up $2.04 during midday trading on Thursday, reaching $15.67. 8,567 shares of the stock traded hands, compared to its average volume of 18,511. The stock’s fifty day moving average is $14.09 and its 200-day moving average is $12.72. Adecco has a 12 month low of $8.98 and a 12 month high of $16.26. The stock has a market cap of $5.44 billion, a P/E ratio of 15.52, a PEG ratio of 1.28 and a beta of 0.96. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.86.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AHEXY. Jefferies Financial Group raised Adecco from a “moderate sell” rating to a “hold” rating in a research note on Thursday, September 10th. Deutsche Bank reissued a “buy” rating on shares of Adecco in a research note on Wednesday, September 9th. BNP Paribas Exane raised Adecco from a “hold” rating to a “strong-buy” rating in a report on Friday, July 17th. Kepler Capital Markets downgraded Adecco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 14th. Finally, Morgan Stanley restated an “underweight” rating on shares of Adecco in a research note on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Adecco Company Profile

Adecco Group AG is a Switzerland-based workforce solutions company that connects businesses with workers and helps organizations manage their talent needs. Its services include temporary and permanent staffing, recruitment, outsourcing, and workforce consulting. The company also provides services in areas such as technology consulting, career transition, and leadership development through businesses including Akkodis and LHH. Adecco serves clients across a range of industries and operates internationally.